On The Money
Brian Besieged
You wanna know how tough it’s gotten out there for cable stocks? So bad that one institutional investor, one that doesn’t normally do things like this, is calling for the ouster of Comcast CEO Brian Roberts. Brian Roberts. The guy who a couple of years ago was being hailed as the smartest guy in cable. The guy who grew his father’s company from a 3-million subscriber regional ...... Read More
Comments (1)What If They Held A Price War And Nobody Came?
It seems that ever since Verizon and AT&T seriously began entering the video market, Wall Street and investors have been bracing for what they thought would be the inevitable price war between cable companies and telcos. But according to a report by Sanford Bernstein cable and satellite analyst Craig Moffett, cable operators aren’t lowering prices to compete with telcos, they’re ...... Read More
Comments (0)Jimmy Was Sending Signals
BETHPAGE, N.Y. – Jimmy Dolan looked a little uncomfortable standing at the podium Wednesday at the much anticipated special shareholders meeting to vote on the Dolan family’s $10.6 billion offer to take the cable company private. That, and the gloomy skies hovering over Cablevision’s headquarters here should have been the first tip on how that vote would eventually come ...... Read More
Comments (0)The Pellet with the Poison
One of the things that have been kind of glossed over amid reports last month that Charter Communications chairman, Microsoft co-founder and really big yacht owner Paul Allen was considering, among other things, taking the cable company private, was the fact that Charter deemed it necessary to create a “poison pill.” Allen, who formed Charter in the 1990s through the strength of his ...... Read More
Comments (12)Sometimes a Cigar is …
It was a pretty innocuous suggestion, a throw-away comment really, during a conversation with a stock picker a couple of weeks ago. “Hey, did you see Time Warner’s announcement that they’ll release earnings on Nov. 7?” “Sure,” I said. “So what?” “But they usually release earnings on the first of the month,” the stock picker repl ...... Read More
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